Resources and Fundings

Through Storm Lake United

The Storm Lake United Revolving Loan Fund offers financial assistance used in conjunction with the owner's equity, commercial loans and state assistance. This fund may be used for purchase of land, buildings, construction, remodeling, machinery and more. Awards may take the form of short term loans, guaranteeing a portion of the commercial financial package and participation in a loan made by a commercial lender. Storm Lake Area Development Corp is an Equal Opportunity Provider.

Through Buena Vista County

The County offers Special Valuation Assessment for Wind Conversion Property as allowed by Iowa Code Section 427B.26. The county assessor for property tax purposes will assess as follows:

For the first assessment year, at zero percent (0%) of the net acquisition cost.
For the second through sixth assessment years, at a percent of the net acquisition cost which rate increases by five percent (5%) each assessment year.
For the seventh and succeeding assessment years, at thirty percent (30%) of the net acquisition cost.

The County has established a Tax Increment Financing District located in the unincorporated area (Section 7, Providence Twp) adjacent to the Storm Lake Industrial Park. If a project is approved, taxes pledged by the County could be used for the payment of the principal and interest on loans, advances, bonds issued under the authority of Section 403.9(1) of the Code of Iowa or indebtedness incurred by the County to finance or refinance in whole or in part projects in the Urban Renewal Area.